CMHC's new rules come into effect April 19th. At that date real estate buyers will qualify for a lower mortgage if you require a CMHC insured mortgage.
Be sure to ask your financial institution which are the two amounts you qualify for, pre and post April 19th, as this will impact your purchasing power.
Read my past post
For a pre-approval contact Alma Pasic , mortgage consultant
Vancouver condominium specialist. Waterfront neighbourhoods of Coal Harbour, Kitsilano, Downtown, False Creek North, Coopers Landing, West End & Olympic Village. Marketing Vancouver since 1981. A bou
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